FinTech Magazine - March 2022 | Page 31

SUNRISE BANKS across the country , but we ’ re the only one in Minnesota — and it ' s really not easy to hit that designation , because you really do have to focus on those core low-to-moderateincome areas .”
Now Sunrise Banks is extending its inclusive banking philosophy and the capabilities to serve more communities across the US through partnerships in the fintech sector . This is a dynamic that has become commonplace across the banking landscape . Fundamentally , the incumbent bank , Sunrise , does the heavy lifting on the ‘ back end ’, moving , lending and storing money , and ensuring compliance . Fintech partners can leverage that scale and wealth of expertise to benefit their customers , offering modern , digital customer experiences and access that consumers demand .

It is a symbiotic relationship , and a natural next step for Sunrise Banks to increase its impact , says Toft : “ We need to understand that the fintech owns the customer relationship , and yet we ' re held accountable for the compliance and the regulatory accountabilities with those customer relationships . So there definitely is a partnership there and we need to know what our partners want to do in the future so that we can start to give guidance on where things need to be from a compliance standpoint .” 300 +

Number of employees

EXECUTIVE BIO

BRYAN TOFT
TITLE : CHIEF REVENUE OFFICER COMPANY : SUNRISE BANKS INDUSTRY : BANKING LOCATION : MINNESOTA , USA
Bryan Toft is Sunrise Banks ’ Chief Revenue Officer . In this position , Bryan oversees commercial banking / lending , treasury management , mortgage and fintech partnerships . He has been with Sunrise Banks for more than a decade . From 2014-2017 , he served as president and CEO of Community Bank Owatonna .
Bryan has held a variety of roles at Sunrise Banks including credit analyst , commercial loan officer and EVP regional manager of commercial lending in Minneapolis .
Bryan received a B . S . in Computer Science from Buena Vista University and an MBA from the University of St . Thomas . He is a board member of the Minneapolis Chamber of Commerce , Twin Cities Metro CDC and Charter School Property , Inc .